Closing Attorney

#1. Possibly Saving on Fees

The first thing to remember is that you can very likely save on the fees for this transaction if you choose a closing attorney over a real estate broker. When considering who to hire, you should look at the closing fees in percentages to see what you will pay in each situation. In California, it is typical for a realtor to charge 5-6% on the closing of a transaction. However, when you hire a closing attorney, you can oftentimes pay much lower than that at around 2-3% of the overall cost. Of course, this is not paid out in a flat fee, so it is important to do your due diligence.

#2. Peace of Mind

The second benefit you may want to consider is that with a closing attorney, you get all of the legal expertise you might not have considered that you even needed with a realtor. With a real estate attorney, you get a hybrid specialist who knows the law and the real estate expertise to help you ensure everything goes through correctly and without any legal tangles.

#3. Close The Mortgage

Sometimes there can be little issues that pop up here and there when a mortgage is on the line with a Closing Attorney. They do this; they are very good at talking to both sides and pushing the deal through. This is something that realtors do as well. However, they don’t always know all the angles or little hang-ups that might cause the deal to go through. Our attorneys have seen all of these unique scenarios that you may not be thinking of, and it’s often worth hiring a second pair of eyes who can see these unseen angles that might pop up when you least expect it.

#4. Attorneys Can Make Amendments

Another factor to consider when deciding on going with a closing attorney or with a realtor is that attorneys can make amendments to the documents themselves so that in the event of an error with the title, deed, or the sales contract needs to be amended, or issues with non-standard forms, a closing attorney can help remedy all of these issues. If you are sure it will be a “clean” transaction and you won’t face any of these problems, you can be sure that you will not need an attorney, but if you want to cover all your bases, consider getting a lawyer for this.

#5. Do You Need Legal Advice

This goes along with the other points, but if you need legal advice or any legal work, even as simple as changing documents, try your best to be prescient. Having the foresight and wisdom to look at the details of your transaction can mitigate many unnecessary headaches that may come down the line and simply blindside you.

Closing a deal can be one of the most important transactions you ever do, so research and choose well. With all of these questions going through your head, you will want to take some time to consider the pros and cons of hiring a closing attorney for your real estate needs, and we hope this article has helped you to make your decision.

Best Regards,

Attorneys Real Estate Group